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Macau Expected To Grow By 7.5% Next Year

A report by investment broker Kim Eng Securities reveals that the firm believes that Macau's gaming market will grow by 7.5% in 2013.

The report is bullish on the world's largest gambling market, noting that gaming revenues will continue to increase as infrastructure improves and casinos continue to grow on the Cotai Strip. The firm expected Macau to grow by a modest 6.3% for 2012.

A spokesman for Kim Eng Securities explained the prediction to the Bloomberg News Service, saying: “We are optimistic on the mass market segment growth as Cotai transforms into a world class tourism destination.”

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